The cryptocurrency Hedera (HBAR) is experiencing significant losses, with its open interest hitting yearly lows and signaling declining demand. The bearish price performance of HBAR has led to a decrease in trader confidence and market participation. Technical signals, such as the Chaikin Money Flow and Moving Average Convergence Divergence, confirm the asset's dire situation. HBAR is back in a descending parallel setup, indicating amplified bearish pressure. If bearish trends continue, the support zone at $0.16 could be targeted. However, a significant buyer resurgence could turn the outlook bullish. The performance of Bitcoin is also important in determining the near-term direction of HBAR.



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